How many renters live in Howardville, Missouri?
The City of Howardville has 173 people living in 78 households.
There are 120 renters living in 45 renter households in this City. Renters make up 69.36 percent of the population living in Howardville.
What is the rental market like in Howardville, Missouri?
There are an estimated 107 housing units in the Howardville area. Of these, 45 units are rental homes, making up 42 percent of the housing market. For every renter household in Howardville, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Howardville?
The rental vacancy rate in Howardville is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Howardville for each bedroom size?
Occupied Rental Units by Size in Howardville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 24 | 16 | 1 |
Occupied Rental Units by Size in Howardville
A large number of apartments in Howardville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Howardville are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Howardville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $629 to $1,111. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $629 |
| One BR | $635 |
| Two BR | $834 |
| Three BR | $1,008 |
| Four BR | $1,111 |
2024 Fair Market Rents in Howardville, Missouri
How many units are rented at Fair Market Rent (FMR) in Howardville?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 4 | 100 percent |
| Two BR | 23 | 96 percent |
Rental Units Below FMR in Howardville, Missouri
How many affordable rental units are in Howardville?
There are a variety of federal affordable housing programs serving households in Howardville, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| Public Housing | 1 |
| Section 8 Project-Based Rental Assistance | 61 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Howardville, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Howardville, Missouri
Howardville features 48 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Howardville, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Howardville.
Housing Choice Vouchers in Howardville, Missouri
On average, Section 8 Housing Choice vouchers pay Howardville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Howardville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Howardville, Missouri for a two-bedroom apartment is between $751 and $917.
Sourced from federal housing data and AffordableHousingOnline.com research.
